Selling your home "For Sale By Owner" increases your profit and decreases the amount you owe at closing. Even though selling FSBO saves you the listing agent's fee, you still may end up paying a buyer agent's commission, especially if she brings a ready, willing and able buyer ...
Property rights in real estate are valuable and invariably the subject of a legal document called a deed. To transfer ownership rights in real estate, a grant deed is commonly used. When a loan is ...Read More
A property tax sale may present a financial opportunity to an investor or anyone looking to save money on a property. Local governments use property tax sales to collect overdue real estate taxes. ...Read More
Lenders typically require you to pay for mortgage insurance when you don't put down at least 20 percent on your home to protect the lender in the event you default on the loan. If you took out your ...Read More
When property changes hand due to the death of the owner, there is plenty of paperwork involved. The trustee or executor needs to value the assets to determine if estate tax is due. Heirs may want to ...Read More
Homes on beaches aren't treated differently from a tax perspective than any other house. However, if your beach home is a second home or an investment property, its sale could be subject to ...Read More
Private mortgage insurance premiums on an FHA loan are based upon the amount of the loan and the amount of your down payment. How long you pay the premium will also depend upon these factors. Some ...Read More
One of the main factors in qualifying for a mortgage loan is the debt-to-income ratio. All lenders have slightly different guidelines. Different loan programs also recommend higher or lower ...Read More
Many buyers look to short sales as a way to purchase a home at a steeply discounted price. A short sale occurs when the seller's lender accepts less than the full amount owed on the mortgage — a ...Read More
The deed of trust is a document provided by your original mortgage lender to secure its interest in your property by placing it into a trust. Because the deed of trust serves as evidence of debt, is ...Read More
Short sales accounted for approximately one-quarter of home sales in late 2011, surpassing foreclosures, according to Bloomberg. A successful short sale transaction benefits the seller, lender and ...Read More
Rental income from a duplex is taxed as regular income. You pay according to your ordinary state and federal income tax rate. The Internal Revenue Service, however, doesn't tax your gross rental ...Read More
When you want to buy or refinance a home, lenders request a residential mortgage credit report, or RMCR, which differs from a typical report. When you apply for a personal or auto loan, the lender ...Read More
Claiming a homestead exemption can provide property owners with an opportunity to save money on their property taxes. In the event of unfortunate financial circumstances, such as bankruptcy, these ...Read More
More than 4.2 million homes sold in 2011, according to the National Association of Realtors, but the sales weren't evenly distributed over all geographic markets. Selling your residence in a slow ...Read More